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Search Results 0 to 49 of about 69 (some duplicates have been removed)
CNBC
Dec 28, 2012 4:00am EST
? because end of february are these elections. >> yes. the elections are, of course, more the campaign heading into the elections with all these noises, especially the end ecb noises that we hear from italy. that's going to cause concern that if italy does need help, how likely are they going to be to get it? in the years from 1993 to 2007 italy brought down its debt to gdp ratio to almost 100% and half of that time berlusconi is prime minister. it's not like berlusconi has a record of fiscal spending. >> no. but i guess also the times were different. >> the times were different but the interest rate was slightly higher than it is now. but the primary surplus of the country ran over that period which was an acceptable 3% on average is already right now reached once again. so all the parameters are in the right place and the only thing the next government needs to do is actually nothing. if it does nothing, if it doesn't reverse the reforms -- >> what's interesting is what berlusconi is campaigning on is austerity. he's running on an ant anti-austerity pro eu package. while it's untenab
CNBC
Dec 24, 2012 5:00am EST
's available to lead italy. he'll run for office in the upcoming election, but only for a party willing to push his agenda. >>> but he has competition in the form of sylvia berlusconi. he tells cnbc he feels a responsibility to run. >> feel the need to return to the political arena to prevent the country from being delivered into the hands of a leftist party. >> and the crowds are out, the stores are ringing up those sales, but u.s. shoppers may be running low on holiday spirit. and analysts say that they're spending less, as well. hi, everybody. welcome. merry christmas out there. thank you for joining us here on the show. what we're looking at today, we've got slightly quiet markets ahead of the u.s. open. what we're seeing, though, that all the markets are being called lower across the board stateside. the dow is being called a bit lower, nasdaq is being called a bit lower and the s&p 500 being called down by a bybit, as well. we saw markets coming off on friday stateside. pretty significant drops, as well, given that we now seem to be a clashing of heads between the republicans and the demo
FOX Business
Dec 31, 2012 9:20am EST
in the future, you can get elected to public office in america saying i'm going to cut that because we can't afford it. but it's a long way off, i suspect, really a long way off. scott, i'm terribly sorry, i'm out of time. got to get to the stock market opening in a couple of seconds. happy new year. >> and to you. stuart: thank you. the clock is ticking and no matter the outcome of the debacle, republicans will get at least some the blame. we'll cover that in detail and we'll have the opening belfour you next. >> there is one issue that dominates stock market trading, cold trading, oil trading, you name it, all kinds of trading, one issue and one issue only, that's the fiscal cliff. you can spend a lot of sound bite trading. anybody in any authorities says anything about the likelihood or otherwise of a fiscal cliff deal you will see the market react. it happened earlier this morning. there was a report that maybe these talks between mitch mcconnell and vice-president biden were making some progress. on that, up went the futures market to show a gain of 80 points for the dow. we're back
CNBC
Dec 28, 2012 5:00pm EST
some sort of meeting of the minds, especially as senator mcconnell is up for re-election in 2014. nobody wants to be perceived as the one who's going to roll over. >> we don't know, but there's intense interest on in capitol hill on this. a picture of the senate floor was tweeted when mcconnell got up up from the meeting at the white house and he's surrounded in the picture by his republican colleagues. so the republican senators themselves would like to know from their leader, you know, what happened there, what are we going to do now? that's the big, open question now. >> the dow jones is reporting that a white house official is saying the white house will host a conference call with ceos at 5:30 p.m. eastern time, just about 30 minutes from now. any sense as to why that would happen and what the message might be? >> yes, we reported that earlier today and we reported the president will not be on that phone call. it will be white house senior staff with ceos of major corporations and they'll get briefed of what happened in the fiscal cliff negotiations. but the white house clea
CNN
Dec 30, 2012 2:00pm PST
, multimillionaires, billionaires. meanwhile, you have got the majority of the senators elected in this body saying we can do more at the top end. those of us who have a lot can get more revenue to address this crisis so you have got this stalemate that was created by two very different groups of people, all elected by the american people. >> now, walking out, i spoke to several of your colleagues, democratic senators who said they were not optimistic, really looking pretty glum. what camp are you in after what you just heard? do you think -- i mean, as you said, the clock is ticking, do you think by tonight or tomorrow, something will get passed to deal with at least the tax cuts that are going up by most americans? >> most successful businessmen and successful people i have talked to are willing to pay more and so it remains to be seen whether the republicans, being driven by a very extreme group of house members, will allow our economy to hurt because of their desire to protect multimillionaires in this country. i think that is what it is going to boil down to >> taxes are a big issue. the other is
MSNBC
Dec 31, 2012 6:00am PST
this is the problem. where most people follow a presidential election and don't realize what happens in each of the districts. what republicans have done a very good job of in the past ten years or past two driklecycles governor's races, where they've won all the governor's races, redistricted by controlling legislatures and governorships, and they have the ability now to make very safe republican districts, where as opposed to having what we had was about 40 years of democratic control in the house, you could see a decade, at least, of republican control, perhaps, because of the fact that they are, or at least make it tougher for democrats to take back over the house. now, we crunched the numbers as well a few weeks ago to say there's something -- there is a vast majority of these folks have won with 60% or more in those districts. >> yes, remarkable. why compromise? >> yeah, why compromise? you know, it's just funny to me, because when you think about the fact that nothing's gotten done or very few things have gotten done, aside from some government buildings and post offices, you know, th
CNBC
Dec 27, 2012 4:00am EST
, but it's also very important to continue to go very actively in this direction. 2013 we'll see elections in germany and in italy. do you think it could lead to some sort of political stand by or quite the opposite, it could speed up the political reshaping in the eurozone? >> first of all, i think that the situation in all countries, you ever responsibility toes be taken and i am not of the opinion that there are divisions in the public opinion in any country in europe that would translate in major changes in the policies pursued. so i am confident that this historical endeavorer which is reinforcing the european union, reinforcing government, fiscal and economic governments will go on and until now, all elections in all countries and we have 17 democracies so you have perchl elections have confirmed the determination of the european to go on and to pursue their, again, historical endeavor. this is something which is very important. ten from new york, ten from, i would say, hong kong and shanghai, in from singapore. you have a difficulty to understand that underlying you have a historica
CNBC
Dec 31, 2012 4:00am EST
problems as opposed to be worrying about the next election. >> you say republicans have a hard time saying yes, particularly to you. >> yeah. >> what is it about you, prosecute president, that you think is so hard to say yes to? >> you know, that's something you're probably going to have to ask them. you know, david, you follow this stuff pretty carefully. the offers that i've made to them have been so fair that a lot of democrats get mad at me. i mean, i offered to make some significant changes to our entitlement programs in order to reduce the deficit. i offered not only $1 trillion in -- over $1 trillion in spending cuts over the next ten years, but these changes would result in even more savings in the next ten years and would solve our deficit prab for a decade. they say the biggest priority is making sure we deal with the deficit in a serious way. but the way they're behaving is by saying their only priority is making sure taxes are protected on the wealthy. i think at some point what's important is that they listen to the american people. now, i think that over the next 48 hours, my
PBS
Dec 28, 2012 4:30pm PST
.it seems that n ratcratcheting up the pain. i was surprised. i thought enough after the election would be sorted out and the fiscal cliff would be a painful enough deadline they would come together. but it seems like tpain will come when we get to the dead cliff where they must absolutely deal with. it's one area where they must focus attention and create another deadline where they have to do something and potentially a larger agreement. >> susie: real quickly this has been frustrating from everybody from wall street to ceo to average american taxpayers. even the president saw that playing out. how do you seep see ts playing out. will we have a deal on monday. >> it'we haven't heard them tal. but the hurdle remains in the house. 9 odds look like we'll go over for some period of time what bliss brings them back to a deal at that time is anybody's guess. >> susie: we'll be reporting more on monday. thanks a lot darren. washington bureau chief darren >> reporter: still ahe, harnessg the poweof play. we'll take a look at how companies can benefit from giving their employees a little free
FOX Business
Dec 26, 2012 3:00pm EST
elections coming up in february, german elections not far behind that, has to be seen whether angela merkel can survive that. does that give you cause for concern? >> there is no question about that. every election that has happened in the last two or three years, the incumbent has been evicted from office. you can worry about angela merkel, our guess is she is doing other than the rest of them and will survive, there's plenty to worry about that is what makes overall the market depressed and therefore attractive. ashley: you like the auto sector and insurance, tell us a little bit about that. >> insurance kind of our chicken way of finance. we are not comfortable with the euro banks we think the insurance companies are in much better shape, they came off of catastrophic losses last year so the p/e ratios are a little higher than they appear. not as high as they appear rather. this year or next year's estimate fairly reasonable and they mentioned a four and .5% yield roughly, it is an attractive package. it is on a worldwide upturn in consumer demand is not happening fast. like in this coun
CNBC
Dec 24, 2012 6:00am EST
and you will like it. you know what it reminds me of? elections have consequences. i won. it's not a nice tack to the center where i'm going to govern for all of you. are you coming back? >> i'm going to. >> the jacket is coming off, though, right? >> christmas eve and i'm celebrating. as you know, we had the tree going this weekend with the lights on. >> that's so nice. there's one other thing i sought on that thing over the weekend that you brought us that i was going do -- oh,no. did you see mitt romney did not want to run? >> i saw that. that was in the boston globe. that was a great piece worth reading. then he found out how bad things were going on his ipad. >> yeah. but maybe he didn't want to run because there were times i really kind of thought it looked like he didn't want to run. >> yeah, but towards the end, i thought he did. >> he tried hard. thanks. >> okay. >> come over here. >>> in other news, a dock worker strike on the atlantic and coast could be just days away. port operators have been negotiating with the long shoreman association since march. but the two sides are sai
CNBC
Dec 31, 2012 6:00am EST
back since before the election. and which have sort of gone through some phases. in a way, the markets have sort of factored in from the first immediate period following the election a big deal to resolve the situation in the u.s. is not going to happen. the lying fiscal challenges in the u.s. are not going to be resolved anytime soon. that would be a big surprise and, obviously, if it was one that appeared that didn't damage the economy, that would be enough. but i think most people are resigned to democracy and maybe this is a broader issue about western democracy. unless the markets do put governments under pressure, it's not easy to come up with such tough positions and i suspect that is going to be the case. it will be a recurring theme through the year, i suspect. >> and that's what i was going to suggest, this idea that we're going to come up with cliff after cliff after cliff, that maybe we're into a whole year of cliff diving, your expectation, let's say we get through the cliff with a baby deal. we've had still a number of economists come on this set and talk about how we cou
CNBC
Dec 31, 2012 9:00am EST
over the election of abe and his push for abe-nomics is the fact that this is a very nationalistic individual. his first term in '06 was characterized by a lot of nationalistic policies. we'll see how that plays out with respect to the ongoing debate. >> we have to take a break here. the markets are looking for some direction after fiscal cliff negotiations stall. we get the word from the nyse floor, next on what you should be watching in today's session. later on, the anti-tax man himself is here to tell us about how he feels about the latest developments in the fiscal cliff negotiations. what a wild ride here we've seen all morning long. right now the dow up about 25. >>> welcome back to "squawk on the street." i'm john harwood in washington. i want to bring you up to date on the latest of the talks between vice president biden and mitch mcconnell. there's some concern among democrats who have heard that the income threshold for tax rate increases may be going up to 400, 450, $500,000. a source familiar with the talks just phoned me to say the democrats are only considering that
FOX Business
Dec 28, 2012 3:00pm EST
for a couple weeks. the weeks before the election, everybody talked about the fiscal cliff, and until they really put this deal together fully and for the long term, it's the same thing going out into the next year. ashley: it's interesting. what if nothing is done? what reaction do you expect there, bobby? >> if nothing's done, i think we'll have the reaction like we have now. i don't know if they'll be able to have an announcement before sttcks close at four o'clock, but everybody is sitting with hands tied behind the back for any news. ashley: dan at the cme. dan, i want to talk gold. it's interesting, gold down eight or nine bucks on the day, and you think it's a safe haven play, but is it the profit takers trying to get ahead of higher tax rates to pay? >> it's possible, but i believe people think there's no grand bargain here. if they come to grips with a plan, the plan they talked about is tax rates. obviously, that's good, a nice headline, but that doesn't stop the sequestering io themes in play. if they are in play, that's deflationary, and that's why commodities are challeng
CNBC
Dec 27, 2012 4:00pm EST
clear now, mr. president, that the speakers's number one goal is to get elected speaker on january 3rd. the house is not even here. he's told me it will give him two days to get back here, not two days, 48 hours. they don't even have enough of the leadership here to meet to talk about it. they have done it with conference calls. people are spread all over the country because the speaker is basically waiting for january aboutrd. now, the president campaigned on raising taxes on people making more than $250,000 a year. the bush era tax cuts will expire at the end of this year. obama was elected with a surplus of about 3 million votes. he won the election. he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented to him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself, but, again, i guess with the dysfunctional republican caucus in the house even the speaker can't tell what he's going to do because he backed off even his own proposal. mr. president, the house
CNBC
Dec 27, 2012 9:00am EST
was seen strict irbefore the elections and hand brought forward the dematte manned that might have been in the future, people wanted to bite hand guns. >> always the case. any time the debate over gun control flares up. >> does the framework of the "wall street journal" piece tell us anything new about best buy, sears? >> for sears, we have seen them cut costs, cut costs, sears and the kmart stores. it seems that this year the reckoning, the kmart operation, people have lost track of that if you send people inside kmart today, i think you basically find a relatively horrifying situation for the average consumer. i mean, really bad stores that haven't been given the proper maintenance budgets that they deserve. for -- is it life or death? no h i think for the kmart part of it, there will be some sort of reckoning. i say life or death maybe moves more into that category for radioshack that stock has just been getting pummeled. tried to adapt themselves as mobile phone retailer and margins getting killed in kind. so i think this year is sort of that moment, someone come in and do an lbo, e
CNBC
Dec 24, 2012 12:00pm EST
come off the dow very similar to what we saw after the election when we don't get a deal. this comes home. people don't realize what this is going to do. this is not healthy. this is not good. so what we're going to get is this wakeup call and i think people are getting a gift right now, opening the screens, take some off the table. at least place protective stops so you know where you will get out. >> rick santelli, is that how you read the message of the market right now? >> you know, i think the market's major movement with regard to the lack of a solution on the fiscal cliff has been more of what we've seen not more of what we think we're going to see. i'm referring specifically to some of the special dividends, some of the tax issues, some of the buy backs, some of the way, you know, states and trusts are being manipulated and moved to deal with the potential worst case scenarios. i think in terms of the market our guests just referred to some of the volatility. you know, as congress called it a day or as the boehner bill didn't pass the plan b. but i remember the t.a.r.p. vote.
MSNBC
Dec 24, 2012 2:00am PST
the election and there has been a steady stream of behind-the-scenes details coming from both campaigns. now comes the revolution from tag romney that his father had no desire to run for president at least at first. we have more on that from boston. >> i have just called president obama to congratulation him on his victory. >> reporter: as mitt romney, top gop leaders continue assessing how he lost the election to a vulnerable president, the oldest son is raising eyebrows about his dad's initial reluctance to make another run. tagg romney said he wanted to be press less than anyone else in the world. if he could have found someone else to make the run, he would have stepped aside. >> i do know that there were very serious discussions and concerns at the time before he decided to run and he looked at the field of competition and saw it was pretty weak and his family pushed him to say that he would be the best person given the way the field has taken shape. >> nbc's garrett hak spent nearly a year and a half covering the romney campaign. >> in between campaigns romney was definitely stung by t
MSNBC
Dec 24, 2012 2:30am PST
that has gotten people talking. it has been seven weeks since the election and there has been a steady stream of details coming from both campaigns. now comes the revolution from tagg romney that his father had no desire to run for president again, at least at first. we have more on that story from boston. >> i have just called president obama to congratulate him on his victory. >> reporter: as mitt romney, members of his campaign staff and top gop leaders continue assessing how he lost the election to a vulnerable incumbent president, the oldest son of the former massachusetts governor is raising eyebrows about his dad's initial reluctance to make a second white house run. in a story published in the "boston globe" tagg romney said his father, quote, wanted to be president less than anyone. he would have been ecstatic to step aside. "boston globe" reporter michael krenish interviewed tagg romney. >> i know there were serious discussions at the time before he decided to run and he looked at the field of competition and saw it was pretty waeak and his family pushed him. >> reporter: nbc
CBS
Dec 28, 2012 7:00pm EST
ratchratcheting up the pain. i was surprised. i thought enough after the election would be sorted out and the fiscal cliff would be a painful enough deadline they would come together. but it seems like the pain will come when we get to the dead cliff where they must absolutely deal with. it's one area where they must focus attention and create another deadline where they have to do something and potentially a larger agreement. >> susie: real quickly this has been frustrating from everybody from wall street to ceo to average american taxpayers. even the president saw that playing out. how do you seep see this playing out. will we have a deal on monday. >> it'swe haven't heard them talkabout optimism. but the hurdle remains in the house. 9 odds look like we'll go over for some period of time what bliss brings them back to a deal at that time is anybody's guess. >> susie: we'll be reporting more on monday. thanks a lot darren. washington bureau chief darren >> reporter: still ahead harnessing the power of play. we'll take a look at how companies can benefit from giving their employees a
CNBC
Dec 27, 2012 6:00am EST
, this is what we elected and they're doing everything they can to not pay attention to that and to go to their separate corners and to be separate and to pretend that their way is not the only way. >> and it could result in people being called into, like, their supervisor's offices and their supervisor goes, i'm sorry, people are actually losing jobs because of this. >> but is there what the people voted for? there are some that think this is what the president voted for. >> how can you think that the american people didn't vote for this? >> let me get to these economical reports. there are a number on today's economic calendar. maybe most importantly are the weekly jobless claims, expected to rise by 4,000. and that would be to 356. and at 10:00, new home sales and consumer confidence which will be interesting to do. also this morning, the kansas city fed survey. the lead story in the journal today is a 6.9% rise in house prices so far this year. since january. and some people are saying after some false starts, residential has concerned. >> well, you're right. >> you can have some r
CNBC
Dec 26, 2012 3:00pm EST
election when that guy came in who did not take them out of euro to. meet biggest things that happened this year were things that didn't happen. no greece exit, no china hard landing and no u.s. slipping into a recession. therefore, the market has been able to lift. >> the last thing that may not happen is the fiscal cliff resolution, too. that could throw an iron in the fire. we've all got to be mindful of the possible debt downgrade. moody's and fitch are still at aaa and they have been rumbling they might take us down, and i think if s&p goes down a notch, mandy, that's not good for the market. >> the fact that these predictions did not come true i guess show that making predictions -- >> it shows the value of strategists. >> okay. >> it shows the value of vat jists. >> what are you predicting for 2013? >> i think you have to watch things in europe. the big day is the september 11th elections in germany and germany could be harder after the election. in the first half is the sent ceiling discussion and finally profits, personal income and production, if those can do better than the
CNBC
Dec 27, 2012 3:00pm EST
it. we really need our elected officials to figure this out. come up with a reasonable compromise that keeps our economy growing and gives us some certain about the future so we can make our plans as business leaders. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >>> fiscal cliff fears pushing stocks lower but we're well off those lows right now and news that the house will reconvene on sunday evening at 6:30 p.m. eastern time. let's get to seemor, modi with more on this. >> hi, mandy, off of our lows, but today a risk-off approach to trading. that's a strategy being used as wall street is waiting by for the latest on the fiscal cliff negotiations. interestingly enough when you look at the year-to-date performance of the major indi
CNN
Dec 30, 2012 12:00pm PST
they might be able to use $1 million as a threshold. but the speaker of the house, the top elected democrat in the country was not able to get a vote. he was not able to get even his own member support on the $1 million threshold. for now we don't know what the threshold is. for chain cpi, that's the consumer price index. and many benefits in the united states such as social security are, increased to that benefit. is calculated based on cpi. the way they calculate that is when a basket of goods increases or decreases in value. chain cpi would more follow consumer behavior. so if the price of meat were to go up. it may be that the average family then switches to chicken. well, the consumer price index, the inflation calculation doesn't account for that possible switch. and that is why the discussion is going on about chained cpi it would mean when certain prices go up. you would make the assumption that people spend in a different way. and that is where the contention is. i want to bring in jessica yellin, our chief white house correspondent. jessica, we talked about chain cpi, this cake up
CNBC
Dec 26, 2012 6:00am EST
last year. we had the supreme court ruling that we were waiting for. we had the election which impacted whether obama care was going to stick around now. the law of the land, looks like it will stay. although you read thing about other challenges, i don't know how likely that is. but for most of the year were people assuming it was going to stand up to all of these? >> actually, for most of the year i think people were thinking it was going to be overturned. especially around the supreme court. >> yeah. >> and there was also the presidential election. and you saw a lot of movement around, you know, these events. >> what finally benefited it when it became clear it was going into effect? >> managed care. >> is that going to continue? >> did well. and hospital did well. but that was offset by economic factors. yes, likely to continue for both. i think depending on economics, and that will be dan -- dan's will but hospitals will be more dependent on economics. >> managed care gets $30 million now? >> $30 million in 2014. we may drift for a while in managed care before we get to '14. and ph
CNBC
Dec 28, 2012 6:00am EST
grover. he's not even an elected official. >> i like grover. i think he's an interesting guy. >> that's like i respect -- there's always a but coming after that. >> i think there's a little bit too much ideology and he's too rigid. but require respective of that, i would like to have a congress person on who signed the pledge who said i can't sign it today, but i'm happy to sign it on january 2nd. >> will they admit that? >> we've gotten ahead of ourselves on our spending, okay? and i understand maybe you need somehow to just concede that we've spent it so we need to pay for it. but if you take norquist at face value, at the turn of the 20th century where government spending was 9% of gdp, we're now at 25%. there are some that say, take what we give you and retrofit government to the size of 19% or 20%. do that first. he just wants to shrink what it's grown to, this unwielding federal government that -- don't you think 25% needs to come down? >> well, part of that is cyclical. >> okay. so at 3%? >> 21, 22. >> i would say 22. >> so we have to get it down to 20.5. >> the three big beast
FOX Business
Dec 27, 2012 3:00pm EST
to 1250 which we get resolution because we know our elected officials only seem to act under duress and market might lead them to do that. subsequently we get pickup in activity that leads us back to year-end figure of 1400, a little below where we are today. ashley: want to get to this. microsoft has not exactly been a great investment over the years. surface tablets, getting a lukewarm reception. pc market, you could argue is dying. what on earth makes you want to go with microsoft? >> the stock, while having had many false starts admittedly is exceedingly cheap. you're talking about a company asset rich. you know, and, generates $9 billion of free cash flow a quarter. ashley: yeah. >> sitting on 50 billion in cash. pay as pretty handsome yield north of 3% which you expect to see continuing to increase going forward. we think because it is such a labyrinth if you will of businesses some of which are in businesses that are new like smartphones and tablets we think he have they have the ability to enure themselves to growth. ashley: thank you, mark. janney montgomery scott. thanks f
FOX Business
Dec 27, 2012 4:00pm EST
be their pipeline of new drugs that are coming through, and we got a new elected democratic president who is, you know, putting through healthcare reforms, and that's going to expand the amount of people that can access -- david: let me bring you to a stock that was in the news today. bank of america, of course, some bad news today in terms of the stock but up over 100% this year, 105% i think is the total if you look at a one year chart for bank of america. is it too late to get in on this stock? >> it is not too late. because bank of america was beaten down so badly over the last five years. i started recommending bank of america in august of 2011. so about a year and a half ago when it was about 6 bucks. david: we look at the beginning of the year it was about 5 bucks. >> right. it took a little time for it to take off. but 2012 began the recovery. and i think we've got at least another year or two to go in that recovery. shibani: how long are you talking about holding these, home building, etf, banking, biotech, are you long-term or short-term holder? >> longer term. i would recommend holding
FOX Business
Dec 31, 2012 3:00pm EST
anybody, grab them, get them in front of this camera because they are our elected officials and have to answer to our viewers. thank you. let's get right to the markets. it is quite obvious that the markets are being held hostage you could say to what is happening right there in washington d.c. the traders are on the floor watching moment by moment. the new york stock exchange, cme, and the nymex. you just heard the representative. we have to wait for the senate. we cannot do anything into the senate comes out. what i noticed was 12:30 p.m. eastern when it was announced the president was going to speak the markets took off. when the president spoke the moderated and now we're back up and running. what are you seeing and how important is it? >> first of all, let the volume. continues to be low. i think we are getting -- this morning we had a bit of a technical rally. a massive short-covering. people want to go home in case we do is some kind of a deal. liz: but looking at, for example, the nasdaq. this is a decent job of close to two percentage points. it looks like people are at leas
FOX Business
Dec 23, 2012 8:00pm EST
it is a pretty good choice. he won the election. he gets to choose. confirmed pretty readily? represents a sort of mainstream of american foreign policy, a little bit less for me, but not as far left as the first joist. lou: interesting, john mccain and others came out with really unreserved support for senator kerry. let's turn, if we may, to the failure in benghazi. and this report looks to me, i no there are varying views on this. and other whitewash, it seems. >>nd the misses the point. we know what happened before and during periods grew up some allies, cover-ups. to me with the important thing is, what happened afterwards, which is nothing. then never hunted down, retaliated, responded. look at what happened to the original september 11th. 1998, attacks on u.s. embassies in east africa and in 2000 attack on the u.s.s. cole, we did not respond. we beefed up security at the embassy, change the rules of engagement. a the leader before it september 11th at a record of videos saying american as i respond. let's go kill more americans. by failing to respond we know who did this attack. we know
FOX Business
Dec 26, 2012 4:00pm EST
and corporate tax rates and fewer brackets. what changed his mind? >> he came out after the election saying he wanted 1.6 trillion in tax hikes, and his election kind of made him go for something figure. even though that meant he couldn't get an agreement. my personal view he does not want an agreement with republicans, he wants us to go over the fiscal cliff because republicans will get flamed and we will have a different scenario with the lowest rate not being 10%, but 15%, top rate of 35 to 40%, 42. and then tax cuts. david: the responsibility of political purposes is astounding to me. the only contradicting what he said a year ago, but got taken the advice of some of the top economic advisors that will go into recession. >> it is astounding. they also applies going over the fiscal cliff for that very reason. they want top tax rates to go up and are focusing on rates rather than revenue. we would have lower revenue took away some of these deductions. david: if we go into a recession, we will get far less revenue, nothing kills revenue coming into the treasury like a recession. there is no d
FOX Business
Dec 31, 2012 11:00am EST
during the new year. given the divisions we have seen just in the election. >> even he has talked about some sort of tax reform. he is not the first president to be really bad with this. george bush had a republican congress and he was quite terrible. it was basically his way or the highway. with obama, he has had an attitude of i would just stand back and let the democratic congress do their will. we have this republican congress now, since the 2010 election, he has not done much to reach out or work with them. dagen: is that kind of attitude, how will that get in the way of getting anything done, particularly today? >> well, yeah, obviously, if people are trying to vote on a deal that includes a tax increase, they should just keep the rates down for people in the rest of the brackets and let obama have his, you know, you do not have to vote for a tax increase. it happens with or without you. you do not have to vote for a tax increase in that way. obama has something to worry about here, by the way. the republicans could even lose the next election because of this. he will have to live
CNBC
Dec 31, 2012 3:00pm EST
. and right after the election, i really was hopeful that members of congress would be able to come together and work out these hard issues. we're not there yet, but the fight's not over in that these debt problems are still there facing us. we'll have to go back to january and get into entitlement reform. the job is not close to finished. whatever debt deal they pass today, they agree they come back as quickly as possible and work out these challenges. because the economy will not grow in any meaningful way until we add the stability and certainty of tackling challenges. >> with all due respect, did upg the 112th congress was going to come together on a grand bargaining? >> i was hopeful. leadership starts at the top. i haven't seen much leadership in this town. one thing that happens at the end of the day is we go crashing through this debt ceiling which to me represents the real issue, the real fundamental challenge is we're running $1.3 trillion deficits, been doing that for two or three or four years. these taxes will not change the problem. the real issue we've got is a trillion dollar
CNN
Dec 30, 2012 3:00pm PST
right than in doing the right thing and actu actually representing the people who elected you. >> more interested in being right than in doing the right thing. you know, don, i'm not one of the guys who piles on with the mob and hates politics and hates washington, but people are frustrated and i have trouble finding fault in their frustration at all. welcome back, everybody, to the special coverage of the fiscal cliff negotiations. don and i will stick with you while we follow what is going on. take a look at what is going op at the capitol and pretty picture, and i hope they are getting work done in there. lawmakers are getting work done and they are filing in for the roll call. you don't want to leave it for the last minute. the talks are aimed at preventing us from going over the fiscal cliff and they are not making a lot of progress. the two sides are talking, and that is the good news. that is the best that can be said for what is happening on capitol hill. if you wished that the deadline would push the democrats and the republicans to get to a deal, we are still, don, waiting fo
FOX Business
Dec 27, 2012 1:00pm EST
they do not want to do. then there would be a transitional government, of constitution, the election for right now it does not seem they will take any part of the deal. the human toll is astronomical refugees growing exponentially. 150,000 across the border in turkey. also jordan mostly women and children. in the long term what will we do with these people on top of those who have lost loved ones? tracy: humanitarian crisis. will we finally see president assad go quietly? a christmas wish for peace and syria. with us we have volleyed carries you know, this better than anyone. starting with egypt president morsi completes a referendum you say it is the totalitarian it is long state? >> and a referendum without democracy moving forward but without acting as a democratic president in egypt despite the fall of dictator it is established by president marcy most of symbols -- societe they all oppose morsi so it does not look like in 2013 we will see a more democratic egypt. tracy: then what is the point*? the people overthrow the government then they are no closer. >> looked at the french
CNBC
Dec 31, 2012 7:00pm EST
't seem like it is going to happen before midnight. that is one of these issues that elections are supposed to decide those things. >> and larry elder. i'll give you the last word on our new year's show. the debt ceiling is coming. but nobody wants america to default. >> the debt ceiling is coming. the end game is a value added tax on top of the irs so that we have the western style welfare state. tax es are going to go up next year also. >> maybe. >> taxes. >> president obama has never said anyone of those thing. >> happy new year. thank you very much. thank you very much. appreciate it. the night continues head over to cnbc.com for the latest. happy new year everybody and all of 2012. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously
FOX Business
Dec 24, 2012 11:00am EST
. i do not think there is anyone in america who wanted to be elected more than mitt romney, other than, president obama. dennis: he was too much of a nice guy. he should have been beating the daylights out of the bad record of the president. he never really got been enough. >> i do not think he focused enough on what the president did wrong and what he would do differently. there was a lack of passion. dagen: in terms of who gets bruised now, do you think politicians get the looming tax increases and spending cuts before the end of the year and who gets paid out more? >> increasingly, i think we will go over the so-called fiscal cliff. short-term will hurt the republicans, undeniably. long-term, it will hurt the democrats and president obama. dennis: i thought all along that the republicans would look horrible. now, i'm wondering if it is switching the other way. a family earning only $20,000 a year will see that their tax refund gets cut in half if we go off the cliff. >> i think you are right. especially since we have not had the follow-through, dennis. what is the reason for all of
PBS
Dec 24, 2012 4:30pm PST
're talking about appointing a new senator, or electing somebody, or appointing a member to a board, people are saying why not women, because they're used to seeing more women in more leadership positions, and that has a real role model effect, but it also changes people's perspective about who can be a really strong contributor. >> susan: so what's your advice to young ambitious womenustcoming out of college or those who have an mba or law degree and want to ride to the top? >> i think they should build their careers in places where they can see that there is support for women and where women have been successful, and that could be a large company that has women at the top. it could be an industry where women are really flourishing. but there's no denying we're going to see a lot of women in a lot of places, and they're going to be very successful, and that's fantastic. >> susie: our partners at stanford >> susie: our partners at stanford university have new research on how women in business tend to turn traits like confidence and assertiveness, on and off, to fit the situation on their cl
PBS
Dec 26, 2012 4:30pm PST
elected officials to come together to reach common ground on the fiscal cliff. that's "nightly business report" for wednesday, december 26. have a great evening everyone. we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captned by mia access group wgbh access.wgbh.org
PBS
Dec 27, 2012 4:30pm PST
's number one goal is to get elected speaker on january 3. >> reporter: january 3 is the deadline for the new congress to start work. if a fiscal cliff fix isn't passed by then, the start of a new congress will likely delay matters even more. which is why the focus now is on reaching a nano-deal. >> the minimal that they can put together to avoid the fiscal cliff which will have sadly almost no impact on the long- term debt trajectory, but right now, neither markets nor the congress care about that. >> reporter: congress has never been terrific at long-range planning, but now the definition of long range seems to be 48 hours. >> you don't hear people talking, well a year from now, we allyeed to be here. you hear, well we need to do that this week. we need to do that day after tomorrow. this short-time frame horizon is new and i think people who think we are going to have tax reform and entitlement reform next year are way, way off base. >> cutting short his vacation but it's unclear whether he has the power to force a last minute solution through a deeply divided congress. >> darr
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